Just a short post today. Jack Damn has been tweeting about consecutive up/down days lately, which inspired me to go looking for a potential edge. The NASDAQ 100 has posted 6 consecutive up days as of yesterday’s close. Is this a signal…

UPDATE: read The IBS Eﬀect: Mean Reversion in Equity ETFs instead of this post, it features more recent data and deeper analysis. The location of the closing price within the day’s range is a surprisingly powerful predictor of next-day returns for…

Tuesday saw QQQ drop somewhat heavily, and for the third day in a row. These three drops took us back to mid-August levels, blowing through a ton of support levels… My mean reversion senses are tingling! So, let’s take a look…